Australasia

US/ASIA - The sale of American International Group's (AIG) asset management and investment advisory group division, PineBridge Investments, to private equity firm Pacific Century Group (PCG) has been completed.

AUSTRALIA/CANADA - Australian pension reserve fund Future Fund has terminated discussions with the Canada Pension Plan Investment Board (CPPIB) and Ontario Teachers' Pension Plan (OTPP) regarding their proposal to acquire Transurban Group.

AUSTRALASIA - The median Australian superannuation growth fund was up 20.4% in the year ending February while the New Zealand Superannuation fund was up 17.4% from the start of its fiscal year in July.

NEW ZEALAND - Legislation allowing new Zealanders working in Australia to move their retirement savings back to their home country will be introduced into Parliament in the next two weeks, said minister of finance Bill English.

AUSTRALIA - Three Australian pension funds have funnelled a combined A$66m (US$60.6m) into the global bond fund managed by Pengana Capital.

GLOBAL - Corporate pension schemes are lagging behind other categories of asset owners in signing up to the United Nations Principles of Responsible Investment, a consultant claimed.

AUSTRALIA - AMP Capital Investors voted on 473 resolutions in the first half of this year, the asset manager said in its biannual corporate governance report.

Lynn Strongin-Dodds explores what the future holds for real estate investment trusts (REITs) in light of the current economic crisis

NEW ZEALAND - The Australian and New Zealand governments have agreed to allow retirement savings to be repatriated between the two countries, the New Zealand government has announced.

AUSTRALASIA - Russell Investment Group's merger of its institutional and retail advisory units in Australia and New Zealand is motivated by a convergence in both spheres and signals a more "holistic" approach to servicing clients, according to Chris Corneil,...